Sterling Construction Company Inc STRL:NASDAQ

Last Price$13.18NASDAQ Previous Close - Last Trade as of 3:59PM ET 9/20/19

Today's Change+0.31(2.41%)
Bid (Size)$13.17 (1)
Ask (Size)$13.18 (2)
Day Low / High$12.79 - 13.42
Volume282.5 K

Stock Move: Sterling Construction Shares Slump 12% After Q1 Misses Expectations

1:05PM ET 5/07/2019 MT Newswires
Sterling Construction Company (STRL) shares were 12% lower early Tuesday afternoon after its Q1 results came in lower-than-expected.

Net income fell to $0.07 per share from $0.09 per share a year earlier, falling short of the consensus estimate of $0.13 per share in a Capital IQ survey. Revenue was $223.9 million compared with $222.5 million a year ago and lower than the $225.85 million consensus, according to Capital IQ.

For 2019, the company reaffirmed its forecasts. CEO Joe Cutillo said in a statement that revenue is expected to be between $1.075 billion and $1.095 billion and net income of $29 million to $32 million. The consensus estimates call for a profit of $30.44 million on revenue of $1.09 billion.

Price: 12.13, Change: -1.71, Percent Change: -12.33